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- Certified_check abstract "A certified check or certified cheque is a form of check for which the bank verifies that sufficient funds exist in the account to cover the check, and so certifies, at the time the check is written. Those funds are then set aside in the bank's internal account until the check is cashed or returned by the payee. Thus, a certified check cannot "bounce", and, in this manner, its liquidity is similar to cash, absent failure of the bank or illegal act (such as the funds being based on a fraudulent loan, at which point the check will be disavowed).In some countries, e.g. Germany, it is illegal for a regular bank to certify checks. This regulation is supposed to prevent certified checks from becoming a universal substitute for cash, which is considered the only legal tender. The Deutsche Bundesbank (Federal Bank) is the only financial institution authorized to issue certified checks.Because of the liquidity and certainty of payment of a certified cheque, it is sometimes considered equivalent to cash, such as in the regulation of credit for casino gaming in Macau, where the law explicitly states that if a casino patron obtains casino chips and pays with a certified cheque, the transaction is not regarded as credit for gaming (see Law 5/2004, art. 2).It is possible to counterfeit or forge a certified check, in which case it is not binding on the bank and is worthless. See entry on cashier's check for discussion of risks. Mostly all Federal Reserve Bank Checks are Certified Checks because most Accounts have millions in collateral at the Reserve Bank. Individual account holders at the reserve bank are called subaccounts i.e. (secondary router numbers) to keep account numbers simple.".
- Certified_check wikiPageExternalLink default2.asp?selected=163&bold=%7C%7C%7C%7C.
- Certified_check wikiPageID "3027717".
- Certified_check wikiPageLength "2139".
- Certified_check wikiPageOutDegree "10".
- Certified_check wikiPageRevisionID "676750629".
- Certified_check wikiPageWikiLink Bank.
- Certified_check wikiPageWikiLink Cashiers_check.
- Certified_check wikiPageWikiLink Category:Payment_systems.
- Certified_check wikiPageWikiLink Certified_Funds.
- Certified_check wikiPageWikiLink Cheque.
- Certified_check wikiPageWikiLink Deutsche_Bundesbank.
- Certified_check wikiPageWikiLink Germany.
- Certified_check wikiPageWikiLink Legal_tender.
- Certified_check wikiPageWikiLink Macau.
- Certified_check wikiPageWikiLinkText "Certified check".
- Certified_check wikiPageWikiLinkText "certified check".
- Certified_check wikiPageWikiLinkText "certified cheque".
- Certified_check wikiPageWikiLinkText "check".
- Certified_check hasPhotoCollection Certified_check.
- Certified_check wikiPageUsesTemplate Template:Econ-stub.
- Certified_check wikiPageUsesTemplate Template:Reflist.
- Certified_check subject Category:Payment_systems.
- Certified_check hypernym Form.
- Certified_check type Payment.
- Certified_check type Term.
- Certified_check comment "A certified check or certified cheque is a form of check for which the bank verifies that sufficient funds exist in the account to cover the check, and so certifies, at the time the check is written. Those funds are then set aside in the bank's internal account until the check is cashed or returned by the payee.".
- Certified_check label "Certified check".
- Certified_check sameAs Bestätigter_Bundesbank-Scheck.
- Certified_check sameAs Chèque_certifié.
- Certified_check sameAs m.08lk3c.
- Certified_check sameAs Q2971994.
- Certified_check sameAs Q2971994.
- Certified_check sameAs 證明支票.
- Certified_check wasDerivedFrom Certified_check?oldid=676750629.
- Certified_check isPrimaryTopicOf Certified_check.